CADCHF TECHNICAL SET UPWe broke and close a rising wedge continuation pattern on the last H4 candle close. Right now we are retesting the support trendline of the wedge. If we see a LL-LC after the retest (you can drop a timeframe to the H1 to look for this), expect price to move toward the targets. Move SL to B/E after TP1 is hit.
Goodluck!
Cadchfforecast
CadCHF getting lower to the keylevel 74.00the CADCHF broke the Trendline and retested it. now it is following a clearly downside movement to make an. double bottom togo bullish again. this downside movement is just a retracement for the current level.
after 74.000 CadChf will rise again. to a target of 0.79. mason for this is that I believe that CAD has scope a strengthen further, extending its recent recovery. and this in contrast with the CHF where the SNB is dovish about their monetary plan.
CADCHF H4 SignalWe continue to follow the upward trend and recommend buying! We are above average moving 200, We are over Ichimoku cloud, the red line above the blue
All of these figures point to a continuing trend of price increases
Entry Price: 0.7490 (Waiting for a small price correction)
Stop Loss: 0.7440
take Profit: 0.7595
CADCHF - ANOTHER ENTRY AND EXIT --AGAIN :)CADCHF IS LOOKING GOOD AT THE MOMENT.
I AM NOW EXPECTING THIS TO GO UP ->
IT HIT OUR PREVIOUS TARGET OF 0.75664 AND THEN TO MOVE EVEN HIGHER.
ITS MAKING THE NEEDED CORRECTION NOW.
BE READY TO JUMP IN AGAIN.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE